100 Thieves Layoffs

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In July 2022, esports and apparel organization 100 Thieves conducted a significant round of layoffs, affecting more than a dozen employees across its social media and content teams. This represented a notable reduction within those departments, though the exact percentage relative to the company's total workforce wasn't specified. The cuts impacted both recent hires and long-tenured staff, including senior members and executives who had been with the company since its early days. The layoffs, which occurred on July 13th, appeared to be part of a broader industry trend, following similar moves by other major esports organizations. Valued at $460 million and ranked among the world's most valuable esports brands, 100 Thieves did not publicly state a specific reason for the restructuring at the time.

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